Before Hiring That Contractor, Check for Certificates of Insurance

Before Hiring That Contractor, Check for Certificates of Insurance
By Connie Phillips

Before hiring a remodeling contractor to make an improvement in your home, be sure to ask for proof of insurance. Often, licensed contractors may be required to show proof of insurance when receiving a building permit from local authorities. The law weeds out less responsible contractors who may put their workers and customers at risk by not meeting minimum standards of coverage for injuries – risks that could cost you money in a lawsuit resulting from a worker’s injury in your home.

Ask contractors for proof of:
1) General Liability insurance
2) Verification of Home Improvement License
3) Verification of Fidelity bond for protection against theft of items in your home
4) Workers Compensation Insurance

Take the necessary steps to keep your financial future safe.

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